026: Powerful One-of-a-Kind Strategies to Help You Amass Your Own Real Estate Empire Now
Release Date: 09/23/2022
050: Your Guide to an Out-of-State Retirement Relocation
A Place of Possibility
The New York Times reported that people leaving California outnumbered newcomers by more than 700,000 people between April 2020 and July 2022. A further breakdown shows that over 407,000 people left between July 2021 and 2022, plus an additional 343,000 people left California in 2022 alone. That's the highest exodus of any state in the US in history. So, why are we seeing such a mass movement? The reasons are plenty, from cheaper homes and lower cost of living to lower taxes, escaping a rise in crime, the desire for a more relaxed, family-friendly lifestyle, and even political dissatisfaction....
info_outline
049: Tips to Unlock New Financial Successes in 2024
A Place of Possibility
With the roller coaster of inflation, interest rates, and more, 2023 was a wild ride. But the real driving force seems to be the dramatically pessimistic media. If one of your goals for 2024 is to improve your financial health, then you’re in the right place. In our opinion, the first step is to ignore market predictions, no matter how scary they seem. They’re usually far from accurate! We have real-life examples and stories to prove it if you don't believe us. After all, the market has shown time and time again that it always bounces back. Along with a look back at 2023’s good, bad, and...
info_outline
048: Your Ultimate Guide to 2023 Year-End Tax and Financial Planning
A Place of Possibility
As the calendar pages flip towards the imminent 2024, it’s the perfect moment to execute those strategic financial maneuvers that will set the stage for a successful tax season and ensure you leave the year on a high note. If you’ve been tuning in regularly, you already know we’ve been through the year-end rodeo before, and for our newcomers, buckle up because we’ve meticulously crafted a hit list that’s bound to elevate your financial game. You’ll want to act quickly; many must be completed by December 31st. In this info-packed episode, we’re diving deep into the realm of tax...
info_outline
047: What's Going on in the Bay Area Housing Market?
A Place of Possibility
Discussions about the housing market are always a hot topic. Here in the Bay Area, the housing market has been interesting, to say the least! Local reports say that since August of 2023, home prices are back on the rise after a 14-month decline, the longest period since 2012. And yet demand is still high, with some homes selling within just nine days of being on the market and interest rates hitting around 7% at the time of recording this episode. Many people panic over interest rates, but if we look at it from a historical perspective, it’s still historically low. “The market supply is...
info_outline
046: Preventing and Recognizing Elder Abuse
A Place of Possibility
Elder abuse - it’s a topic often avoided because the reality of it is difficult to face. However, it’s a vital conversation and brings forward the importance of combating mistreatment through education and advocacy. Unfortunately, the elderly population is more susceptible to being taken advantage of due to physical and mental decline, and believe it or not, 1 in 10 Americans over the age of 60 will experience some form of elder abuse. It can come in various forms, from neglect and psychological abuse to physical and financial abuse. To make matters worse, only 1 in 44 cases of elder abuse...
info_outline
045: Want to Retire on a Lump Sum? Here’s How
A Place of Possibility
Retirement is a milestone we all aspire to, and for many, choosing a lump sum can be the key to financial freedom. However, it can also be daunting. While enticing, the prospect of receiving a substantial cash payout from your employer can come with a particular responsibility and the need to make critical financial decisions. This lump sum represents your life’s work, and it can be challenging to make it last throughout your retirement. The fear of not outliving your savings, the uncertainty of how to invest wisely, and the ever-present question of whether you’re making the right choices...
info_outline
044: Senior Living Options: What’s Right for Me?
A Place of Possibility
With aging comes many difficult decisions. One of those is determining the best living situation for your later years, specifically, choosing a senior living community. In fact, the US Department of Health and Human Services estimates that the number of adults 65 and older who will need to move into senior living communities is expected to reach 27 million by 2050. That’s a lot of people! While many options are available, ranging from independent living and assisted living to memory care and boarding, it’s easy to become overwhelmed. So, whether you’re looking for opportunities for a...
info_outline
043: Why is Pre-Need Planning for Funeral and Cemetery Arrangements So Important?
A Place of Possibility
Contemplating what will happen to you after you die can be emotionally challenging, so it’s no wonder most of us avoid it at all costs. However, certain end-of-life choices have to be dealt with one way or another. 82% of people don’t pre-plan their funeral and cemetery details, which means their family members are left to make tough decisions at the last minute while grieving, as well as take on financial burdens. In fact, 37% of funeral overspending is due to a lack of pre-planning. In this episode of A Place of Possibility, we’re ripping off the band-aid, discussing death and how to...
info_outline
042: Could a Family Legacy Documentary Help Preserve Your History and Family’s Future?
A Place of Possibility
Have you ever heard of the adage “shirtsleeve to shirtsleeves in three generations?” It refers to the inability of children and grandchildren to manage family wealth that has been passed down. And it starts with the classic American dream story. One of the first generations hits it out of the park with success, but by the third generation, two things have happened: One, the money is all gone, and two, family relationships have been laid to waste because of the impact of the money on the family. In fact, there have been studies done on affluent families to understand the reasoning better,...
info_outline
041: Planning for Retirement? Avoid These 10 Investment Blunders
A Place of Possibility
In simple terms, retirement planning is what we do to prepare for life when we stop working – financially and via lifestyle choices. It’s about determining specific goals for this future time in our lives and how we can achieve them by identifying income sources, estimating expenses, building necessary savings plans, and much more. We all know that preparing for retirement is an important endeavor that you can never start too early. However, it can be a challenge that even the savviest individual can struggle with, making mistakes that cost them significantly in the long run - especially...
info_outlineYou’ve probably pondered the idea of investing in real estate, but with today’s high prices, you might feel that it has become the exclusive territory of the wealthy. Or maybe the prospect of becoming a landlord brings more anxiety, with visions of late-night calls from tenants, water leaks, mold problems, and more.
If you look at real estate investment from a traditional perspective, your concerns are justified. But what if we told you the average person could easily accumulate a solid rental real estate portfolio that has the potential to provide an increasing income stream for the rest of your life and future generations of your family? And on top of that, it doesn’t have to be a landlord’s nightmare.
In this new episode of A Place of Possibility™, we’ll share some creative ideas to make real estate accessible to nearly everyone. And spoiler alert, you may even be able to do it with little to no money out of pocket. That 25% you have to put down is a lot of money, especially in California. We’ll share real-life examples of how you can work around those traditional lending options and show you how to be a solution for the seller and as a landlord while doing really well for yourself.
We’ll be talking about:
- Why recent changes in real estate market conditions have created opportunities that weren’t there several months ago
- How hiring a good, professional property management company can actually SAVE you money in the long run
- Several creative strategies that will allow you to avoid that high down payment and get into real estate investing once and for all
- How unique financing strategies can lead to the creation of a sizable portfolio, often without any out-of-pocket investment
And more!
Our goal with today’s episode is to give you an arsenal of somewhat unconventional tools that help you take advantage of the current real estate market and its many benefits. It may seem like a formidable landscape, but, armed with the right strategies and knowledge, we’re confident that you will be ready to jump into action right away. We look forward to sharing our insights with you, and hope you’ll share this episode with your family, friends, and anyone else who might benefit from it.